Weyerhaeuser Company (NYSE:WY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Weyerhaeuser Company (NYSE:WY) have been given an average rating of “Moderate Buy” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $28.8750.

Several analysts have issued reports on WY shares. DA Davidson reissued a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Monday, May 4th. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Citigroup cut their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Truist Financial cut their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently made changes to their positions in the business. Essential Partners LLC lifted its position in shares of Weyerhaeuser by 120,800.0% in the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,208 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at about $39,000. Addison Advisors LLC lifted its position in shares of Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 757 shares in the last quarter. Bayban purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at about $41,000. Finally, Optiver Holding B.V. purchased a new position in shares of Weyerhaeuser in the third quarter valued at about $42,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of WY opened at $24.31 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. Weyerhaeuser has a one year low of $21.16 and a one year high of $27.75. The firm has a market capitalization of $17.53 billion, a P/E ratio of 45.02, a PEG ratio of 1.41 and a beta of 0.89. The business has a fifty day moving average of $24.23 and a 200 day moving average of $24.46.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. Weyerhaeuser’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.